Finance Association News October 7th, semiconductor stocks surged again today, with one stock rising nearly threefold at the time of publication.$BRAINHOLE TECH (02203.HK)$,$CONTEL (01912.HK)$,$SOLOMON SYSTECH (02878.HK)$,$Semiconductor Manufacturing International Corporation (688981.SH)$and$HUA HONG SEMI (01347.HK)$ Increased by 283%, 110%, 23%, 17%, 11% respectively.

In terms of news, recently, CICC pointed out in its research report that with the introduction of new stimulus policies by the government, China's stock market (including A-shares and H-shares) has seen significant increases, especially in the semiconductor and communication sectors. The institution predicts that the semiconductor industry may face an opportunity for revaluation, and this market trend may continue in the short term, especially for semiconductor stocks listed in Hong Kong.

In the report, CICC is particularly bullish on Hong Kong's semiconductor stocks, believing that with the improvement in market sentiment and inflow of funds, these stocks may have further upside potential. They specifically recommended $SMIC (00981.HK)$Please use your Futubull account to access the feature.$HUA HONG SEMI (01347.HK)$And$ZTE (00763.HK)$Because these companies have a large market cap and good liquidity, they may attract more fund investments. In the A-share market, Zhongyin International continues to recommend.$Zhongji Innolight (300308.SZ)$And.$NAURA Technology Group (002371.SZ)$As the preferred investment option.

Since the third quarter of this year, top foreign institutions have shown strong interest in the A-share market, especially in the semiconductor sector. Well-known investment institutions such as Temasek, Sequoia Capital, BlackRock, Goldman Sachs, and Morgan Stanley have frequently appeared on the research lists of many semiconductor listed companies.

Expectations of a semiconductor market recovery.

The latest report from the Semiconductor Equipment and Materials International (SEMI) shows that in the second quarter of 2024, global silicon wafer shipments increased by 7.1% compared to the previous quarter, reaching a total of 3,035 million square inches. However, this is a decrease of 8.9% compared to the same period last year.

The chairman of SEMI SMG believes that the recovery of the silicon wafer market is mainly driven by the demand for data centers and AI products. Despite differences in the recovery of different application areas, the 300mm wafer shipment increased by 8% compared to the previous quarter, showing the most prominent performance among all wafer sizes.

In addition, data from the Semiconductor Industry Association (SIA) of the USA shows that in July 2024, global semiconductor sales reached $51.32 billion, an 18.74% year-on-year increase, indicating that the market is returning to the high levels of recent years. Semiconductor sales data in the Americas and China are particularly significant, with record sales in the Americas and sales in China gradually recovering from the low point in early 2023.

Editor/Emily